Juan Carlos Escotet (#287)
- $ 11 B
- Banking
- Venezuela
- M
- 66 Years
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About Me
Juan Carlos Escotet is the founder of Caracas-based banking group Banesco. Banesco is operational in Venezuela, Panama, the Dominican Republic, Puerto Rico, Colombia and the United States. In 2012 Escotet bought Banco Echevarría, a 300-year-old Spanish bank, for around $90 million; the next year Echevarría bought domestic rival Abanca for $1.3 billion. Escotet began working as a messenger for Banco Union when he was 17 while studying economics. In 1986, he founded a brokerage firm. He added banking services in 1991, and in 2001, he merged his bank with Banco Union.
Achievements
Career Highlights
A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Juan Carlos Escotet’s rise and global influence.
Wealth Growth
Net Worth Growth Over Time
Tracking Juan Carlos Escotet’s net worth journey over the years, highlighting key growth phases and financial milestones.
Current Net Worth: $11.3B
(May 4, 2026)
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